Orlen secures record European Investment Bank support for energy transition
Orlen and the European Investment Bank (EIB) have signed a third agreement to finance the expansion of Poland’s electricity distribution network. The latest loan amounts to PLN 1.7 billion, bringing total EIB support for Orlen to PLN 3.5 billion. This marks the largest corporate loan granted by the EIB in Poland.
In brief
ORLEN and the European Investment Bank signed a third agreement financing the electricity distribution network, worth PLN 1.7 billion, which together with two earlier agreements amounts to PLN 3.5 billion, the largest European Investment Bank support in the corporate sector in Poland. The funds will be used by Energa Operator in tranches over three years, with a repayment period of up to 15 years. The Energa Operator investment programme is worth PLN 40 billion and provides for building 11 thousand kilometres of new lines by 2035 and connecting 350 thousand customers and 9 GW of renewable energy sources.
Energa Operator, part of the Orlen Group, will use these funds to enhance the security and efficiency of electricity distribution while increasing the capacity for renewable energy integration.
Strengthening Poland’s energy infrastructure
- The record-high financing secured from the European Investment Bank demonstrates confidence in our development plans. We have an ambitious yet well-thought-out strategy that will benefit not only our shareholders but the entire economy. The EIB funds will be allocated to investments in the electricity distribution network, including the construction of new power lines and the connection of new customers, particularly prosumers with their own renewable energy sources, said Magdalena Bartoś, vice president of Orlen’s management board for finance.
Supporting Poland’s energy transition
- European Investment Bank financing for the Orlen Group will support the long-term, sustainable development of the Polish economy. The total funding of PLN 3.5 billion allocated for the modernization and expansion of Energa Operator’s electricity distribution network will accelerate Poland’s energy transition and strengthen energy security for both the country and the European Union, stated EIB vice president, professor Teresa Czerwińska.
Investments in grid modernization and renewable energy
The agreement allows Orlen to access PLN 1.7 billion in financing, with funds available in tranches over three years and a repayment term of up to 15 years.
The EIB loan is a key element of Energa Operator’s PLN 40 billion investment program announced in 2025. By 2035, the company plans to build 11,000 kilometers of new power lines, install 7,000 kilometers of underground cables, and modernize nearly 10,000 kilometers of existing infrastructure.
These investments will enable the connection of 350,000 new customers and integrate 9 GW of renewable energy capacity, supported by energy storage systems to stabilize the grid. In addition to EIB financing, Energa Operator has secured PLN 7.5 billion from Poland’s National Recovery Plan to support the initiative.
Source: Gazeta Morska · Compiled by: Kamil Kusier
Related articles
Energy and offshore Orlen Neptun deploys V-LiDAR buoys at Baltic West ahead of Poland's 2027 offshore wind auction 
Energy and offshore Equinor takes over Bałtyk 2 and 3 O&M base in Łeba. Port to serve 1.44 GW of offshore wind for 30 years 
Navy and defence Port Gdański Eksploatacja secures NATO NCAGE code. Gdańsk port company lines up for defence tenders 
Shipbuilding industry Ex-Enterprise towed to Mobile under $418.5m contract. Test case for Nimitz-class disposal begins 
Energy and offshore Energa renames Gdańsk gas plant company as foundations for 6,000-tonne turbine and boiler are laid 
Equipment and technology WB Group takes Polish drones from Tokyo to SOFEX in Jordan in a single week
Comments (0)
The discussion is moderated by the editors: a comment appears after review. Your e-mail address is not published.
Nobody has commented on this article yet.